SIGforum.com Main Page What's Your Deal! Get a Paycheck: Not any more! It now goes to "Money Network"!
Main Page What's Your Deal! Get a Paycheck: Not any more! It now goes to "Money Network"!|
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Member |
My daughter just was handed an envelope containing a debit card, her paystub, and about 10 pages of 4 point type. Her boss said, "Just go online, agree to their terms, create a PIN, and you can get your money!
WTF!!!!!! When my daughter asked, she was told a little notice was posted on the employee bulletin board (the one with all the legal notices that nobody ever reads) saying that paychecks or ACH (direct deposits) would no longer occur and every employee is getting their pay on this cute little debit card! Now, to get your money off of this debit card, you have to agree to their terms - pretty onerous at best. There's a mine field of fees that you will have to pay if you don't do just the right thing at the right time to get you money into your own checking account. I'm not kidding, here's what you have to do to get your money without a fee: 1) Get a special paper check (you get only 1 free one per month, otherwise they are $1.50, plus an additional $3 fee to call and request the check). 2) Go online, register, agree to terms and conditions (really anti-consumer stuff!), then get a special code number to write on this special check. 3) Fill in the amount on the check (but don't mess that up!). You guessed it...fees if wrong amount. 3) Take the special check to the bank and deposit it. If the amount is wrong: pay a penalty fee. If you don't get to the bank in 3 weeks, another penalty fee (actually two). 4) Since it's a paper check, there's a hold on the deposit for up to 10 days while it clears. I CANNOT believe that this stunt is legal. ++++++++++++++++++ My second gripe: The employer gave out my daughter's personal information to this "Money Network" company without her consent. SSN, everything. Now, I'm guessing here, but I bet the employer get's a percentage of all the money they turn over to this Money Network. Imagine that: Decrease your payroll costs by 1 percent - just by putting the money into the "Money Network"! I can't wait for the junk mail to start rolling in from the "Money Network" selling my daughter's personal information. Anyone know a good lawyer? (in case this is against the law!). |
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Hey Man, Nice Shot  |
Wow. I would be seriously looking for a new job.
What possessed a company to do this? I'm sure there is some benefit for them. _________________________________________________ A woman can be evil, twice as much as any man |
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Member |
Today's her last day!  All I can figure is the 1% kickback I'm guessing they get - but it's only a guess. |
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W07VH5 |
Easy solution to the problem: since it is a work issue do the banking on company time.
 PIAR!!! |
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100% Pure Evil |
Under check 21, the check must be clear within 3 days. _________________________________________________________ Yes, I am an agent of Satan, but my duties are largely ceremonial. |
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Void Where Prohibited |
The company has to be getting some kind of kick-back or interest, etc. to go with something like that. They probably hope you incur a lot of those fees; they're probably splitting them with Money Network.
That system sucks for the employees. NRA Benefactor Life Member |
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Member |
I went to their website. Looks like that's forcing them to use their prepaid credit card...and that's probably the intent. Sorry, I need my money in my bank so I can pay my bills.
Thanks, KPSquared |
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I earned my bombasticity  |
I cannot believe that it is legal either. She should contact the state labor board. It sounds like a scam. This is in effect "working for the company store". I'm pretty sure that it's illegal to charge any kind of fee in order to get ones hourly earnings.
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Fire begets Fire |
No way could that be legal ... holy smokes !!!
____________________________________________________________ "Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay; and claims a halo for his dishonesty." -Robert A. Heinlein |
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Member |
Lemme guess...
Best Buy?   “It took a Carter to bring us a Reagan” PALIN-PETRAEUS '12 |
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The One, the Only Mighty Paragon |
That's what I was thinking: "Hmmm...I have to pay for my own paper paycheck?" I don't think so. P232, P239 in 9mm, P220ST in Black, Rem 870 Wingmaster, Rem 1100 in 12 ga., Romanian AK in .223, Winchester 94 in 30-30 |
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Member |
I would demand them to cut me a check for all work up to that day and then quit. That kind of bullshit is unbelievable.
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Member |
Please keep us posted. I'll be absolutely floored if this isn't 100% illegal.
______________________________________________________________________________ Libertas vel Mortis! Ammo is the currency of the future. SIGs: P220, P228 Newest Aquisition: Smith 64-5 |
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Sound and Fury |
Highly unlikely. Your daughter's employer is almost certainly paying for this service. Outsourcing payroll is very common, and ADP and First Data are legit and have been around for a long time. This seems like a service that would be very valuable to an employer that was cutting a lot of paper checks because of many employees without bank accounts. Does your daughter work for such an employer? In that situation, the direct to debit card pay would be much cheaper for the employer and much more convinient for the employee. But it seems silly that they wouldn't give a direct deposit option. ____________________________________________________________ "I've spoken of the shining city all my political life, but I don't know if I ever quite communicated what I saw when I said it. But in my mind it was a tall proud city built on rocks stronger than oceans, wind-swept, God-blessed, and teeming with people of all kinds living in harmony and peace, a city with free ports that hummed with commerce and creativity, and if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here." -- Ronald Reagan, Farewell Adress, Jan. 11, 1989 Si vis pacem para bellum There are none so blind as those who refuse to see. Feeding Trolls Since 1995 |
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Watch this space |
I would love to know the legalities of this. I am an employer, and I would NEVER screw my employees like this. Hell, it's not my money to decide with.
Death Before Disco |
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Member |
This seems the applicable statute:
Now, IANAL, but paragraph 1 seems to require the availability of something you can payable on demand for cash "without discount" at a bank. If this card is accepted at ATMs it very well may be legal. But it may not, in which case it would seem they'd have to make an ordinary paycheck or similar available. ---------- The real hero is always a hero by mistake; he dreams of being an honest coward like everybody else. -- Umberto Eco |
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Member |
No way can this be legal!!! Tell the employer to go fuck him/herself!!
Some people are alive only because it is illegal to shoot them. ------------------------------ Life Member, Gun Owners of America ------------------------------ Life Member, National Rifle Association ------------------------------ Mossbergs and Rugers and Sigs....Oh my!! |
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Member |
I worked for a company that did that and I would just use the ATM to get cash and take the cash to my bank. It was a PITA and one of the reasons I left the company.
Oh, and this was in Colorado. "220ST (The Man) ROCKS" Non Silba sed anthar Rev 14:11 And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name. |
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Member |
i believe ADP does this to their employees too.
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Member |
Ok, an update....
I re-read the T's & C's that were included with the card. They refer to two different fee schedules. The one that applies now was not included with the start-up package (contrary to what was stated in the T's & C's). So I call their customer service number....  They lady began to describe various fees, ($1.50 here, $0.50 there, etc). I stopped her, and said I just wanted my daughter to get her money without paying any fees and without agreeing to the T's and C's for which she never signed up for in the first place. Her response: "That is not possible." End of discussion. Could not get anywhere further. I could have pressed it to go to a supervisor, but I'm not sure I would have talked to anyone with decent authority on a Saturday afternoon. I'll re-try on Monday. If I get the same results, I'll cut a demand letter incorporating CRS 8-4-102 (thank's Zcar!). Let's see if they are willing to spend $20k defending their right to get fees on a $150 asset. Although I don't have their fee schedule, what I've been told by the customer service phone call is that an ATM is $1.50 to use...and I have to agree to the T's & C's to use it. Oh, and by talking with my daughter, I did find out that direct deposit was available when she was hired (and still is), but my daughter chose a check so she could split her pay checks and deposit only half in her checking account. Eight months later, the employer arbitrarily decided to enroll all non-direct deposit employees in the "Money Network". It looks like CA has been trhough this and found it to be legal so long as there's a 'free' ATM use each pay period. I don't know if that's true in this case, as I don't have the final fee schedule  My goal on Monday is simple: Get the $$ without agreeing to the T's & C's or paying fees, or sacrificing my daughter's financial privacy. I'll post an update on Monday. Thank you all for your advice, insights & support. This could get fun! 
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SIGforum.com Main Page What's Your Deal! Get a Paycheck: Not any more! It now goes to "Money Network"!
Main Page What's Your Deal! Get a Paycheck: Not any more! It now goes to "Money Network"!© SIGforum 2008